Russia turned $ 101 billion of its reserves into the euro and yuan

[yota691]

Russia turned $ 101 billion of its reserves into the euro and yuan 

 

 10 January 2019 01:17 PM
Direct : Russia got rid of $ 101 billion of cash reserves through converted into euros and yuan in the second quarter of last year amid the application of new US sanctions against the European state.

The Russian central bank announced Wednesday that it converted the equivalent of 44 billion dollars into the European currency and its equivalent to the Chinese yuan in the second quarter of last year.

The statement added that there are about 21 billion dollars invested in the currency of the Japanese yen.

The Chinese currency accounted for 15 percent of Russia's total cash reserves in the second quarter, 5 percent higher than the first quarter, the data showed.

The United States imposed heavy penalties on Russian companies last April, causing damage to the status of the Russian ruble and raising concerns that there are more restrictions can be applied in the coming period.

The data confirmed that Russia's total holdings of US Treasury bonds fell by $ 81 billion in May and June.

By 10:05 GMT, the Russian ruble fell 0.6 percent to 67.0446 rubles against the dollar.